Currency markets poked and prodded their way into the new week as investors looked for direction after the weekend’s events. A shortage of economic figures meant that yesterday’s action lacked a certain impetus, but big data releases later…
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Last week’s sterling strength was detrimental to the US dollar, which lost over half a per cent on Friday, taking its monthly losses to over 2%. The US dollar is currently 1.6% lower against the euro this month,…
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This week, European Central Bank policymakers will vote on monetary policy. Following June’s 25-basis point decrease, Bank members remain determined to bring inflation back down to the target of 2.0%, however, it is stressed they'll maintain a data-dependent…
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After last week’s strong momentum against the euro, the pound’s position remains dependent on this week’s inflation and wage figures. If supportive, the pound could continue to climb, however, should market forecasts be undershot, the pound could slip.…
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Following Friday’s advances, sterling strides into a new week over 0.6% higher than this time last Monday against the euro and a whopping 1.34% against the US dollar.
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Nothing could console a bleary-eyed England this morning after Sunday's loss to Spain in the Euro 2024 final, but the pound’s barnstorming performance last week offers a small morsel of comfort.
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Inflation and core inflation fell by more than expected in June, which has some in US markets expecting two rate cuts this year. Given the caution with which Fed chair Jerome Powell has approached his mandate, that seems…
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While it doesn’t tell the full story on inflation, news that German wholesale prices fell by 0.3% in June — the steepest fall since December — will have been an encouraging data point for the European Central Bank.
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